Standard Chartered researchers: Bitcoin may never fall to $100,000 again

Standard Chartered analyst and head of digital assets Jeffrey Kendrick stated that improving trade relations between the US and China supported market sentiment. He noted that after the October 10th selloff caused by tariff risks, the Bitcoin (BTC) to gold ratio recovered. According to the expert, this reflects growing confidence in digital assets.

In a note to clients, Kendrick stated that if positive macroeconomic and geopolitical dynamics continue this week, Bitcoin may never again fall below $100,000. Among the key factors, he highlighted the expected Fed rate cut, strong corporate earnings from tech companies, and new inflows into spot ETFs.

According to the analyst, reaching a new all-time high will confirm the end of the classic four-year pattern. He emphasized that ETF investments, rather than halving cycles and block rewards, are now the main driver of price growth.

Meanwhile, the bankrupt exchange Mt. Gox has again postponed payments to creditors, this time until October 31, 2026. This is the third consecutive deferment, following the initial goal of closing the case in 2023. According to the administrator, most of the base and interim payments have already been completed, but some holders still have not received funds due to legal delays.

Around 19,500 platform clients have already received compensation, including BTC and BCH distributions via Kraken and Bitstamp. According to Arkham, Mt. Gox's balances remain at 34,680 BTC, worth over $4 billion.

Incidentally, American Bitcoin Corp., founded by Eric and Donald Trump Jr., acquired 1,414 BTC worth over $160 million, bringing its total reserves to 3,865 BTC. The organization plans to publish a new transparency metric—Satoshis per Share—reflecting the number of bitcoins held per share.

Source: cryptonews.net